The sideways trading means the market is making a top. The longer we trade sideways, the bigger the pullback that will follow.
I'm bullish over the next 3 months, but not so much over the next week or two. Looks to me the market is building up a solid top, and it's taking its time to do it.
Hey Carl and others. Prior to the open, I published a post on my site forecasting sideways trading until Tuesday. Check it out:
ReplyDeletehttp://whitemagicanditsexposure.blogspot.com/
The cash market hasn't been up 10 days in a row since forever. This is day 10. But I'm sure you'll do well. Thanks for your posts.
ReplyDeleteOut on the thin ice!
ReplyDeleteThe sideways trading means the market is making a top. The longer we trade sideways, the bigger the pullback that will follow.
ReplyDeleteI'm bullish over the next 3 months, but not so much over the next week or two. Looks to me the market is building up a solid top, and it's taking its time to do it.